1. E3-4A tabular analysis of the transactions made during August 2010 by Witten
Company during its first month of operations is shown below. Each increase and
decrease in stockholders' equity is explainedso on...E3-9This information
relates to Pickert Real Estate Agency.Oct. 1 Stockholders invested $30,000 in
exchange for common stock of the corporationOct. 2 Hires an administrative
assistant at an annual salary of $42,000Oct. 3 Buys office furniture for $4,600,
on accountOct. 6 Sells a house and lot for M.E. Petty- commissions due from
Petty, $10,800 (not paid by Petty at this time)Oct. 10 Receives cash of $140 as
commission for acting as rental agent renting an apartmentOct. 27 Pays $700 on
account for the office furniture purchased on October 3Oct. 30 Pays the
administrative assistant $3,500 in salary for OctoberPost the transactions to T-accounts
and complete the following trial balance. (If answer is zero, please
enter 0, do not leave any fields blank.)P3-5ASunflower Architects incorporated
as licensed architects on April 1, 2010. During the first month of the operation
of the business, these events and transactions occurred:Apr. 1 Stockholders
invested $15,000 cash in exchange for common stock of the corporation.1 Hired a
secretary-receptionist at a salary of $375 per week, payable monthly.2 Paid
office rent for the month $900.3 Purchased architectural supplies on account
from Spring Green Company $1,000.10 Completed blueprints on a carport and billed
client $1,500 for services.11 Received $500 cash advance from J. Madison to
design a new home.20 Received $2,300 cash for services completed and delivered
to M. Svetlana.30 Paid secretary-receptionist for the month $1,500.30 Paid $300
to Spring Green Company for accounts payable due.The company uses these
accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Unearned
Revenue, Common Stock, Service Revenue, Salaries Expense, and Rent Expense.
Hint: Journalize transactions, post, and prepare a trial balance. (SO 3, 5, 6,
7, 8) Instructions (a) Journalize the transactions, including explanations. (b)
Post to the ledger T accounts. (c) Prepare a trial balance on April 30, 2010.
Cash $15,100 Tot. trial balance $20,000P3-6A This is the trial balance of
Slocombe Company on September 30so on...
